Tuesday 31 October 2017

NIFTY BANK VIEW

Nifty Bank (24988)

Nifty Bank is hovering around its all time high.

Yesterday it had hold the zone of 24800 and has made a reversal signal to rise towards its all time high 25198.

Support zone lies @ 24800-24600 zone.

All dips are still buying opportunities.
NIFTY 50 VIEW

Nifty 50 (10363)

Nifty is trading near its positional resistance zone of 10376-10416.

Yesterday it crossed 10376 made a high of 10384 but did not close above 10376.

It has now formed 10340-10360 a support zone.

Today if it maintains above this it can cross 10376-10384 to show 10416.

If maintains below 10340, it can slide to 10320.

Monday 30 October 2017

NIFTY BANK VIEW

Nifty Bank (24839)

Nifty Bank did not cross its all time high and now is showing cool down patterns towards 24600 which is a bounce back zone towards its all time high 25198.
All dips are buying opportunity till it holds the level of 24100.
Resistance zone lies @ 25198 and on crossing this it can show 25378.25469.positionally 25900.
NIFTY 50 VIEW

Nifty 50 (10323)

Nifty showed a new high on Friday 10366.
On trading above 10370, it can show 10414-10508-10740. 
All dips can act as buying opportunities.
It can slide to 10250-10180 zone in coming week.
Positional support lies @ 10100-10120.

Monday 23 October 2017

NIFTY BANK VIEW

Nifty bank (24009)

Nifty bank broke the bounce back zone of 24100 and closed below it.

Today if it trades below 24000 ..23920, it will enter into selling zone,

24100 and 24300 will act as resistance zone.

If trades above 24100, it can rise to 24320.
NIFTY 50 VIEW

Nifty 50 (10146)

Nifty has touched its bounce back support of 10130 and resumed back.

To catch again its uptrend, it has to trade above 10220-10240, the resistance zone.

Good bounce back zone lies @ 10120- 10130.

If it trades below 10120, it can slide to 10095-10070.

Wednesday 18 October 2017

NIFTY BANK VIEW

Nifty Bank (24645)

Nifty Bank has not touched its all time high of 25198.

Today on trading above 24700 it can show 24800-24860.

If trades below 24640 and crosses 24570 it can cool down to its bounce back support of 24380.
NIFTY 50 VIEW

Nifty 50 (10234)

Nifty has entered into a new rally zone and will show 10340 in this week, on crossing 10260 zone.

All dips will act as buying opportunity 10170-10150 will act as support zone.

Tuesday 17 October 2017

NIFTY 50 VIEW

NIFTY 50 [10230]

AFTER A GAP UP OPENING, NIFTY SHOWED A FRESH ALL TIME HIGH YESTERDAY.
BUT FILLED THE GAP IN THE SECOND HOUR OF TRADE, & MANAGED TO CLOSE AT THE HIGH POINT OF THE DAY.

ANOTHER RALLY STARTS ABOVE 10240, WHICH CAN LEAD NIFTY TO 10260-10280-10300 LEVELS.
NIFTY HAS MADE TRIPLE TOPS OF 10242-10239-10237, IF FACES AROUND THESE LEVELS, IT CAN SHOW SOME COOL DOWN SIGNALS TO 10180-10150 LEVELS, WHICH MULTIPLE SUPPORT AREA.

Monday 16 October 2017

NIFTY BANK VIEW

Nifty Bank (24689)

Nifty Bank has reversed from its support zone can show a new high very soon.

It can show 25105 on crossing 24800 today support zone lies @ 24300.

Below 24300 it can slide to 24000.
NIFTY 50 VIEW

Nifty 50 (10167)

Nifty traded above its all time high and made a new high of 10191.

Now on maintaining above 10200 it can show  soon 10240-10376.

(Positionally for 6 months nifty can show 12000 which can be analysed by long term charts as it will enter into a new rally zone. On breaking of 9600 can be a sign of worry to watch where is holds).

For intraday, if trades below 10150 it can cool down to 10100.

On trading above 10200 it can show 10500.

Thursday 12 October 2017

NIFTY BANK VIEW

Nifty Bank (24107)

Nifty Bank can show sharp fall if breaks 24000 as this is a strong support and bounce back zone in short term charts.
To catch uptrend it has to trade above 24220 to show  24360...
Trading below 24000 again a sharp fall can be witnessed and it can slide to 23950.. 23800..23600..23400 zones 
Today being weekly expiry trading sesions can be volatile
NIFTY 50 VIEW

Nifty 50 (9984)

Nifty gave a gap up opening yesterday but did not maintain above 10000 levels and showed sharp fall towards 9900.

Today it has boucne back support zone @ 9950...9920 if holds this it can resume back to 10000..10048.

If it breaks 9920 it can slide 9880..9840.

Tuesday 10 October 2017

NIFTY BANK VIEW

Nifty Bank (24251)

Nifty Bank is trading near its support zone of 24000.

Yesterday, it traded above its resistance zone of 24230, today if it maintains this 24200-24230 zone and on trading above 24320 it can show 24445-24700.

Multiple support zone lies around 24200..23900 so trading below 24200 can make it range bound.
NIFTY 50 VIEW

Nifty 50 (9988)

Nifty yesterday traded above its resistance zone 9980..9960 and gave a neutral close.

Today on trading above 9990, it can show 10015-10040-10100.

If maintains below 9970-9960 ,it can slide to 9940-9920.

If it catches uptrend nifty can show good move today.

Monday 9 October 2017

NIFTY BANK VIEW

Nifty Bank ( 24190)

Nifty Bank is consolidating and has now formed positive pattern to rise towards 24400 on crossing 24250, it can show 24360-24640.

If trades below 23970-23940 zone, it can show sharp fall towards 23500-23300.
NIFTY 50 VIEW

Nifty 50 (9979)

Nifty has taken support and now is showing reversal formation to catch uptrend in coming week.

It can show 10090-10200 on trading above 9990.

Support zone lies @ 9920-9940 zone.

If it maintains below 9940-9920, it can slide to 9880--9780.

Friday 6 October 2017

NIFTY BANK VIEW

Nifty Bank (24058)

Nifty Bank is showing selling signals and it can slide towards its bounce back zone of 23960-23940 trade.

Above 24240, it can show 24400-24500 zone.
NIFTY 50 VIEW

Nifty (9888)

Nifty yesterday did not  cross 9940-9950 zone forming it kind of stiff resistance.

Today if it trades below 9880 it can slide to 9865-9840, it can resume from its bounce back zone of 9790-9780.

If trades above 9950 it can again resume uptrend to show  9969-10030.

Thursday 5 October 2017

NIFTY BANK VIEW

Nifty Bank (24113)

Nifty Bank has also given a neutral pattern kind of formation in charts to show uptrend move it has to trade above 24130 and on crossing 24240 it can show 24460.

Support zone is @ 23930.
NIFTY 50 VIEW

Nifty 50 (9914)

Nifty showed good uptrend momentum after the RBI policy announcements of unchanged rate but gave a neutral kind of close.

To maintain the uptrend it has to cross 9940-9980 with good volumes and rise towards 10000 once again.

If nifty fails to manage above 9940, and faces resistance there it can slide down to 9850-9790.

Wednesday 4 October 2017

NIFTY BANK VIEW

Nifty Bank (24103)

Nifty Bank is consolidating in the zone of 23900-24300 break through either side will decide the further trend.

The support of 23800-23900 is been holding from many days, but it is also facing resistance near 24300.

Below 23800 it can show 23700-23600. 

Above 24100 it can rise to 24300-24400.
NIFTY 50 VIEW

Nifty 50 (9868)

Nifty opened above its bounce back zone of 9790-9800 but was not able to show uptrend.

Today being RBI policy, trading session can be volatile, it can touch both the support 9790 and the resistance 9920.

Nifty trading above 9800 is a buy and if trades below 9790 it can show selling towards 9690.

Tuesday 3 October 2017

Nifty Bank (24053)

Nifty Bank has bounce back support @ 23900 if holds and resume reversal can show 24480-24750-24900 in this month. 

If breaks 23900 it can show 23600-23400.

Intraday view 

Support @ 23900 if trades below this it can show 23600

If holds this zone 23900 it can resume back to 24180..
Nifty 50 (9788)

Nifty had hold the zone of 9740-9780 in the morning hour on Friday, but showed slide down in the last hour closing with selling signals active. 

Now if nifty trades below 9770-9760 zone it can show sharp fall towards 9590-9400 in this month.

To show uptrend resuming it has to trade above 9820 to show 9880-9940.

INTRADAY VIEW 

It has stiff resistance @ 9800-9820

Below 9760 it can slide to 9730-9660

Above 9820 it can show 9840-9880